Government Makes KRW 359 Billion In-Kind Contribution to SR
The government made an in-kind capital contribution to SR Co., Ltd. using Korea Expressway Corporation shares valued at KRW 359 billion at acquisition cost.
Sources
- SR Corporate Investment and Equity Contribution Status공공기관 경영정보 공개시스템 ALIOKOGovernment document
Included in this issue
Separation of Suseo High-Speed Rail and the Privatization Controversy
The controversy began in 2012 when the Ministry of Land, Infrastructure and Transport, then known as the Ministry of Land, Transport and Maritime Affairs, pursued a plan for a private operator to run Suseo KTX. The government later shifted to a separate competitor funded by Korea Railroad Corporation and other public institutions, leading to the establishment of SR Co., Ltd. and SRT service. Debate continued over separating profitable high-speed rail operations, railway public services, 5.6% compound-return put options for public investors, duplicated operating costs, and passenger benefits until the two institutions were reintegrated in 2026.
12 records12 sources
View full timeline